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Empirical Evidence for a Money Demand Function in Southeast Asian Countries: A Panel Data Analysis |
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| รหัสดีโอไอ | |
| Creator | 1. Hussin Abdullah 2. Jachari Dahlan 3. Helmi Hidthir |
| Title | Empirical Evidence for a Money Demand Function in Southeast Asian Countries: A Panel Data Analysis |
| Publisher | Yala Rajabhat University |
| Publication Year | 2553 |
| Journal Title | Journal of Yala Rajabhat University |
| Journal Vol. | 5 |
| Journal No. | 1 |
| Page no. | 1-16 |
| Keyword | Demand for Money, Panel Cointegration, FMOLS, Southeast Asian |
| ISSN | 1905-2383 |
| Abstract | Modeling demand for money is an important issue in the applied economics. The objective of this study was to estimate the demand for money in Southeast Asian countries namely Indonesia, Malaysia, Philippines, Singapore and Thailand using the panel data analysis to analysis cointegration. We constructed an aggregate data panel for Southeast Asia's five countries and used Pedroni's panel cointegration test to verify the cointegration hypothesis among the variables of the money demand function. We estimated the panel and the group mean cointegration vectors using FMOLS developed by Pedroni . We found strong evidence of cointegration among our variables |
